In a regulatory filing, Sprint Nextel confirmed plans to buy the roughly 49% of Clearwire it doesn’t already own in a deal that values the company at about $2 billion.

Wells Fargo Securities analyst Jennifer Fritzsche said the remaining shareholders of Clearwire aren’t likely to accept Sprint Nextel’s $2.90 a share price, which values the company’s spectrum at roughly 50% less than comparable purchase in the industry — including deals out of bankruptcy court.

About The Tell

The Tell is MarketWatch’s fast and engaging look at trends and themes in the day’s markets. Drawing on our reporters, analysts and commentators around the world, as well as selecting the best of the rest online, The Tell is all about the pulse of the markets through news, insight and strategic information to help you make the best investing decisions. Got a tip? Tell us at TheTell@MarketWatch.com